CASINO (ENXTPA: CO) FY18 Results: Sales In Line with Consensus, Company Aims for Strong Profit Growth

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Key Points

  • Casino Group reported FY18 net sales of €6 billion, up 4.7% year over year at constant currency (down 2.4% year over year as reported), and largely in line with the consensus estimate of €36.69 billion recorded by StreetAccount.
  • The company reported adjusted diluted EPS of €2.49, up 0.2% year over year at constant currency (down 8.5% year over year as reported), and slightly missing the consensus estimate of €53 recorded by StreetAccount.
  • Casino Group set a target for the next three years of expanding its EBITDA and trading margins for the retail business by 0.2 percentage points per year, and also hopes to grow trading profit for the retail business 10% per year.

Casino Group reported FY18 net sales of €36.6 billion, up 4.7% year over year at constant currency (down 2.4% year over year as reported), and largely in line with the consensus estimate of €36.69 billion recorded by StreetAccount.

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